RMCO
Royalty Management Holding CorporationFinancial Services·Asset Management
$2.30
$35M market cap
Revenue
$3.0M
Free Cash Flow
$-0.2M
Rev Growth
+0.0%
FCF Margin
-5.5%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Royalty Management Holding Corporation operates as a royalty company that identifies and invests in undervalued assets. It acquires and invests in natural resources, patents, intellectual property, and digital assets. The company was founded in 2021 and is based in Fishers, Indiana.
2-Year Price History
$2.37+111.6%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 1.6 | -0.1 | -0.1 | -0.7 | -0.1 | -0.1 | -0.0 | 0.3 | 0.5 | 15.2 | -7.6% | -37.7x | -- |
| Act | 2025-Q4 | 1.4 | -0.4 | -0.0 | -0.4 | 0.1 | -0.0 | -0.0 | 0.1 | 0.4 | 15.0 | -3.0% | -- | -- |
Valuation & Metrics
Market Stats
Price$2.30
Market Cap$35M
Enterprise Value$35M
P/S Ratio11.5x
P/FCF--
EV/FCF--
FCF Margin (TTM)-5.5%
FCF Yield-0.5%
Dividend Yield (TTM)0.4%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$3.0M
Net Income$-1.1M
Free Cash Flow$-0.2M
Revenue Growth (YoY)+0.0%
EBITDA Margin-14.6%
Net Margin-35.0%
FCF Margin-5.5%
CapEx % of Revenue2.2%
SBC % of Revenue0.2%
ROIC-5.3%
WC Change % Rev-4.5%
Interest Coverage-241.1x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.2
Change (vs Prior)-22.9%
Need at least 2 settlement dates for chart
Cash Runway
24.6months
WATCH
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
1.0%(+0.7% YoY)
9 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
2.2%(+1.9% YoY)
4 filers
Vanguard, iShares, SPDR
Market makers
0.0%(+0.0% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $337K | $2.97 | +$337K | +$337K | — | $4.04T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $208K | $1.35 | −$19K | −$53K | +2.3% | $1.61T |
| VANGUARD FIDUCIARY TRUST COPassive | $140K | $2.97 | +$140K | +$140K | — | $395.83B |
| CITADEL ADVISORS LLC | $104K | $2.97 | +$104K | +$104K | -0.4% | $138.22B |
| BLAIR WILLIAM & CO/IL | $71K | $3.09 | −$12K | +$71K | -0.5% | $34.73B |
| B. Riley Financial, Inc. | $59K | $0.77 | +$0 | +$0 | +1.9% | $456M |
| STATE STREET CORPPassive | $39K | $1.16 | +$0 | +$0 | -0.2% | $2.89T |
| XTX Topco Ltd | $35K | $2.97 | +$35K | +$35K | -1.9% | $5.74B |
| 49 WEALTH MANAGEMENT, LLC | $35K | $1.70 | +$0 | +$0 | +0.8% | $1.34B |
| UBS Group AG | $11K | $2.14 | −$10K | −$35K | -0.3% | $562.11B |
| WOLVERINE ASSET MANAGEMENT LLC | $6K | $2.97 | −$19K | +$6K | — | $2.32B |
| Tower Research Capital LLC (TRC)MM | $5K | $1.46 | +$0 | −$7K | -0.6% | $3.84B |
| Caitong International Asset Management Co., Ltd | $0 | $2.97 | +$0 | +$0 | +1.3% | $540M |
| SBI Securities Co., Ltd. | $0 | $2.97 | +$0 | +$0 | +0.9% | $3.62B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-0.00%
avg per quarter
Holders (ex-self)
-0.04%
excl. this stock
Buyers (this Q)
-0.79%
6 buyers · $0.00B in
Sellers (this Q)
+1.28%
4 sellers · $0.00B out
alpha coverage: 55% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+6.8%
how holders react when this stock falls
On quiet Qs
-5.6%
−10% to +10% baseline
On rallies (+10%+)
+9.6%
how they react when this stock rises
Holders' portfolio flow this Q
+4.3%
inflows — adds are organic
Sellers' portfolio flow this Q
+6.4%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-6.3%
Holder mid (any stock)
-2.7%
Holder rally (any stock)
-17.9%
Biggest decreases this quarter
New buyers this quarter
Top-5 holders · 81.7%
VANGUARD CAPITAL MANAGEMENT LLC--
GEODE CAPITAL MANAGEMENT, LLC--
VANGUARD FIDUCIARY TRUST CO--
CITADEL ADVISORS LLC--
BLAIR WILLIAM & CO/IL--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Karpus Management, Inc.—Polar Asset Management Partners Inc.56KCVI Holdings, LLC59KBOOTHBAY FUND MANAGEMENT, LLC—ATW SPAC MANAGEMENT LLC—Shaolin Capital Management LLC—Saba Capital Management, L.P.—BERKLEY W R CORP—Hudson Bay Capital Management LP—HSBC HOLDINGS PLC—WHITEBOX ADVISORS LLC—
Corporate
Order Flow (FINRA, ~3w lag)
39.4%retail-6.8pp
7.7%dark-0.7pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
RMCO: A Circular Financing Vehicle Disguised as a Royalty Play
Overall Risk
8/10
Fraud
6/10
Dilution
7/10
Insolvency
9/10
Earnings Overstated
7/10
Hidden Liabilities
5/10
Legal
4/10
Audit Warnings
6/10
Hidden Upside
2/10
Contextually Acceptable
3/10